Incepted in 1988, Goldman Sachs Asset Management (GSAM) seeks to provide financial services including investment and advisory solutions, and risk-management expertise to institutional and individual investors throughout the globe. Flaunting more than $1 trillion assets under management, GSAM is considered one of the world’s leading financial management companies, with more than 2,000 professionals in 30 offices worldwide. The fund family develops investment strategies with respect to geographical regions, industries and asset classes.
Below we share with you three top-ranked Goldman Sachs mutual funds. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Goldman Sachs mutual funds.
Goldman Sachs High Quality Floating Rate IR GTATX invests the bulk of its assets in securities, which bear variable rate obligations or a high-quality floating rate. Although it may invest in foreign issuers, it aims to invest all its assets in securities denominated in U.S. dollar. Goldman Sachs High Quality Floating Rate IR has three-year annualized returns of 1.8%.
GTATX has an expense ratio of 0.46% compared with the category average of 0.50%.
Goldman Sachs Small Cap Growth Insights Investor GSTOX maintains a diversified portfolio by investing primarily in equity securities of companies whose market cap is similar to those on the Russell 2000 index. The fund may also invest in fixed income securities believed to be cash equivalents. Goldman Sachs Small Cap Growth Insights Investor has one-year annualized returns of 15.2%.
As of October 2018, GSTOX held 415 issues, with 1.41% of its assets invested in E-Mini Russ 2000 Dec18 Xcme 20181221.
Goldman Sachs Small Cap Equity Insights Investor GDSTX seeks capital growth for the long run. The fund maintains a diverse portfolio by investing in equity securities of small-cap companies. GDSTX invests in both U.S. and non-U.S. companies. The fund focuses on small-cap companies with market cap similar to those included on the Russell 2000 index. Goldman Sachs Small Cap Equity Insights Investor has three-year annualized returns of 14.3%.
Len Ioffe is one of the fund managers of GDSTX since 2011.
To view the Zacks Rank and past performance of all Goldman Sachs mutual funds, investors can click here to see the complete list of Goldman Sachs mutual funds.
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